05:35 AM EDT, 08/19/2024 (MT Newswires) -- Alamo Group ( ALG ) said Friday that it has sold its Herschel Parts business to F.P. Bourgalt Tillage Tools Ltd.

Financial details of the transaction were not disclosed. Herschel Parts is a manufacturer of agricultural replacement and wear parts based in Indianola, Iowa.

The company's shares were up more than 5% during recent premarket activity Monday.

Price: 186.85, Change: +9.18, Percent Change: +5.17